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Consider lottery A and lottery B. An axiom of the expected utility hypothesis implies that an individual prefers lottery A to lottery B, or lottery

Consider lottery A and lottery B. An axiom of the expected utility hypothesis implies that an individual prefers lottery A to lottery B, or lottery B to lottery A, or that the individual is indifferent between the two. Which axiom is this? Independence. Continuity Transitivity. Completeness. Monotonicity

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